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A New York small estate affidavit simplifies the transfer of assets for deceased individuals, enabling the use of voluntary administration, which is a simpler alternative to probate for small estates without real estate. The video covers the maximum estate value, signing requirements, filing fee, and the filing process. To qualify as a small estate, the total value must not exceed $50,000. The affidavit needs to be signed by the petitioner before a notary public, who must also sign and seal the document. Additionally, there is a filing fee associated with the small estate affidavit. Viewers are encouraged to download a template and subscribe for more legal content from e-forms.